Lamprell books $370 million order for two jack-ups

MAY 27, 2014 — United Arab Emirates (UAE) based Lamprell has been awarded a contract by a subsidiary of Shelf Drilling, Ltd. covering the construction and delivery of two high specification LeTourneau Super 116E jack-up rigs.

Lamprell is scheduled to deliver the first rig in third quaeree 2016, while the second rig is expected to be delivered in second quarter2017. The rigs are being constructed for operations in South East Asia. The contract is valued at more than US$ 370 million.

Designed through collaboration between engineering and operations personnel from Shelf Drilling, Shelf Drilling's customer and Lamprell, the rigs will be capable of operating in water depths of up to 350 feet and will be used in constructing wells with maximum drilling depth of 30,000 feet.

The rigs will feature fit-for-purpose offshore drilling technology, as well as accommodation for up to 160 people. Lamprell will fabricate both jackup rigs in its Hamriyah, UAE, shipyard and will be among the first to benefit from the productivity improvements that Lamprell is in the process of implementing.

James Moffat, Chief Executive Officer, Lamprell, said: "We are delighted to be announcing this project win from Shelf Drilling for the construction of two new build jack-up rigs, particularly as Shelf Drilling is a new client for the Group. This is also our second multiple-rig contract award with a major international drilling contractor in the space of a month, demonstrating that the Group's strong project execution in its core markets is being recognised. It also reinforces Lamprell's position as a leading fabricator for jackup rigs and our highly attractive proposition to clients. We look forward to working with Shelf Drilling in support of their newbuild project."